Gross rental yield of 3.28% — ranked #260 of 275 New Jersey ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +4.9% | +41.1% |
| Market rent | — | — |
Metro: New York-Newark-Jersey City, NY-NJ-PA · County: Essex County · Annual rent: $32,460
Similar home values, sorted by yield — the cheapest way to see if 07040 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 07645 | Montvale | NJ | $943,118 | $4,257 | 5.42% | 18.5 | +5.0% |
| 07920 | Basking Ridge | NJ | $947,125 | $3,805 | 4.82% | 20.7 | +4.0% |
| 08540 | Princeton | NJ | $995,135 | $3,509 | 4.23% | 23.6 | +2.4% |
| 08550 | West Windsor Township | NJ | $1,041,163 | $3,551 | 4.09% | 24.4 | +1.3% |
| 07042 | Montclair | NJ | $975,743 | $2,971 | 3.65% | 27.4 | +5.5% |
| 07756 | Neptune Township | NJ | $949,467 | $2,558 | 3.23% | 30.9 | +5.3% |
| 07650 | Palisades Park | NJ | $995,510 | $2,666 | 3.21% | 31.1 | +8.8% |
| 07974 | New Providence | NJ | $1,030,146 | $2,439 | 2.84% | 35.2 | +6.3% |
Top rental yields in all of New Jersey →
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